Cork Stoppers Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030 (Recession Impact Analysis)
ID : MRU_
23207 | Date :
Jan, 2023 | Pages :
192 | Region : Global |
Publisher : RI
Cork stopper is a stopper made of cork. Cork is an impermeable buoyant material, a prime-subset of bark tissue that is harvested for commercial use primarily from Quercus suber (the Cork Oak), which is endemic to southwest Europe and northwest Africa. Cork is composed of suberin, a hydrophobic substance and, because of its impermeable, buoyant, elastic, and fire retardant properties, it is used in a variety of products, the most common of which is wine stoppers. The montado landscape of Portugal produces approximately half of cork harvested annually worldwide, with Corticeira Amorim being the leading company in the industry. Cork was examined microscopically by Robert Hooke, which led to his discovery and naming of the cell, especially a bottle stopper.
Corked stopper industry has an intense competition in recent years. American consumers prefer wine with cork stoppers. In the past five years, the survey found that top 100 wine companies using cork stoppers lead the growth of the wine market. As of April 2015 , the use of cork packaging wines accounted for 59% market share, while five years ago, this share is only 50 %.
The technology here is continuing developing. What is more, its growth rate is very high with a growth rate of 9.95% in 2015. Even though the alternative products resulting in the market more competitive. The main drivers of the market here are: the development of the economy and, advances in cork technology innovation and sorting, testing technology, cork contamination problem has been greatly reduced, increase demand of wine, sustainable environmental awareness.
At present, there are nine companies make up more than 85 % market share of the US Cork Stoppers market in 2015, and the top two manufacturers are Nomacorc and Cork Supply, making more than 50% market share of the total market in US.
The US Cork Stoppers market has been growing fast in recent years; the manufacturers are facing the fierce competition in the market. Multinational and domestic companies together occupy a big market share of the United States market through their quantity products and advance technology.
The Global Cork Stoppers Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
In the global Cork Stoppers Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.
In Market segmentation by manufacturers, the report covers the following companies-
Nomacorc
Cork Supply
Corticeira Amorim
MaSilva
Lafitte
Rich Xiberta
Portocork America
WidgetCo
Jelinek Cork Group
AMORIM
BENEBO
In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types :
Natural Cork Stopper
Agglomerated Cork Stopper
Capsulated cork stoppers In Market segmentation by applications :
Wine
Crafts
Special bottled liquid
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Cork Stoppers Market for the forecast period 2023 - 2030?
• What are the driving forces in the Cork Stoppers Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Cork Stoppers industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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